Pioneer Natural Resources (NYSE:PXD) had its target price cut by Robert W. Baird from $192.00 to $176.00 in a report released on Monday morning, Marketbeat.com reports. They currently have an outperform rating on the oil and gas development company’s stock.

Several other research firms have also issued reports on PXD. Zacks Investment Research raised Pioneer Natural Resources from a hold rating to a buy rating and set a $180.00 target price for the company in a report on Friday, November 10th. Credit Suisse Group began coverage on Pioneer Natural Resources in a report on Monday, December 11th. They issued an outperform rating and a $192.00 target price for the company. Mizuho set a $190.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Saturday, November 25th. KeyCorp set a $180.00 target price on Pioneer Natural Resources and gave the company a buy rating in a report on Saturday, November 25th. Finally, Barclays upped their target price on Pioneer Natural Resources from $147.00 to $156.00 and gave the company an overweight rating in a report on Monday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-three have assigned a buy rating to the company. The stock has a consensus rating of Buy and an average target price of $191.63.

Pioneer Natural Resources (PXD) opened at $167.20 on Monday. The stock has a market capitalization of $27,260.48, a P/E ratio of 112.03, a PEG ratio of 10.09 and a beta of 0.97. The company has a quick ratio of 1.58, a current ratio of 1.69 and a debt-to-equity ratio of 0.22. Pioneer Natural Resources has a twelve month low of $125.46 and a twelve month high of $199.83.

Pioneer Natural Resources (NYSE:PXD) last released its earnings results on Wednesday, November 1st. The oil and gas development company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.18. The company had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.15 billion. Pioneer Natural Resources had a return on equity of 2.34% and a net margin of 2.17%. Pioneer Natural Resources’s quarterly revenue was up 23.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. analysts anticipate that Pioneer Natural Resources will post 1.55 EPS for the current year.

In related news, SVP Mark H. Kleinman sold 2,582 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $158.37, for a total value of $408,911.34. Following the transaction, the senior vice president now owns 12,861 shares in the company, valued at $2,036,796.57. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Mark Stephen Berg sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $154.47, for a total value of $308,940.00. Following the completion of the transaction, the executive vice president now owns 48,719 shares in the company, valued at approximately $7,525,623.93. The disclosure for this sale can be found here. In the last quarter, insiders sold 27,392 shares of company stock worth $4,356,997. 0.89% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. GWM Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth $100,000. Commonwealth Bank of Australia lifted its position in shares of Pioneer Natural Resources by 10.8% during the second quarter. Commonwealth Bank of Australia now owns 690 shares of the oil and gas development company’s stock worth $108,000 after acquiring an additional 67 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in shares of Pioneer Natural Resources during the second quarter worth $120,000. WFG Advisors LP lifted its position in shares of Pioneer Natural Resources by 10.2% during the second quarter. WFG Advisors LP now owns 1,102 shares of the oil and gas development company’s stock worth $176,000 after acquiring an additional 102 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Pioneer Natural Resources during the third quarter worth $176,000. Hedge funds and other institutional investors own 90.69% of the company’s stock.

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About Pioneer Natural Resources

Pioneer Natural Resources Company is an oil and gas exploration and production company. The Company explores for, develops and produces oil, natural gas liquids (NGLs) and gas within the United States, with operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton field in southeast Colorado and the West Panhandle field in the Texas Panhandle.

Analyst Recommendations for Pioneer Natural Resources (NYSE:PXD)

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